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DFW apartments 3Q 2012: Hendricks & PartnersDFW apartments 3Q 2012: Hendricks & Partnershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89002012-11-30T06:53:00Z2012-11-30T00:00:00Z

DALLAS-FORT WORTH - The DFW apartment supply has increased by 3,920 units so far this year. With another 2,260 units expected in the final quarter 2012, full-year completions are anticipated to exceed the 5,290 apartments that came online in 2011.

In third quarter, multifamily permit issuance reached an annualized total of 13,650 units, 9 percent above the previous quarter.

Average vacancy increased 6.2 percent in the past three months with asking rents in the DFW area rising 1 percent to $826 per month in 3Q.

DFW Multifamily
3Q 2012 / 3Q 2011 Comparison Vacancy and Rent
Submarkets
5+ Units
Vacancy Average Rent
3Q 2012 3Q 2011 3Q 2012 3Q 2011
Uptown / Oak Lawn 4.6% 4.1% $1,462 $1,382
North Dallas / Highlands 6.8% 9.2% $720 $708
Irving 5.1% 5.6% $844 $803
Far North Dallas / Carr / Addison 5.1% 6.1% $851 $825
Plano / McKinney / Allen 5.0% 3.8% $955 $913
Denton / Lewisville 5.2% 5.9% $889 $856
Garland / Mesquite 6.2% 7.6% $719 $691
East Dallas / Vickery 7.4% 8.1% $820 $797
South Dallas / DeSoto / Lancaster 8.5% 9.1% $774 $744
Arlington / Mid-Cities 6.1% 8.3% $718 $695
South Fort Worth / Woodhaven 10.6% 12.2% $624 $605
Southwest Fort Worth / Benbrook 6.2% 6.6% $805 $821
North Fort Worth / Richland Hills 5.9% 6.1% $837 $812
Totals 6.2% 7.2% $826 $806


View the full report at Hendricks & Partners.

Online news
Dallas-Fort Worth-Arlington
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